It definitely is active-backup by default.
[Expert@DallasticXL-s01-01:0]# clish -c "show configuration" | grep 1024
add bonding group 1024
set bonding group 1024 mode active-backup
set bonding group 1024 primary eth1-Sync
set bonding group 1024 xmit-hash-policy layer2
add bonding group 1024 interface eth1
add bonding group 1024 interface eth1-Sync
Note that active-backup doesn't test the alternate paths. If it's active on the direct-cabled path and that fails for some reason, you might discover the switched path failed some time ago without being noticed.
I personally prefer round-robin for this reason, though with round-robin, you can end up in a situation where one member's link to the switch has failed. The symptom of this is the member with the bad link can reliably send traffic to other members, but it can't reliably receive traffic from them.